Funding arb · Price arb /

OPENAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Aster−0.329%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$518as in the Funding arb table

Net, price: spread back to 7d avg − costs−$537as in the Price arb table

costs, in and out, $10k−$5185.180% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.339%+$34 · spread now −0.329%, 7d avg −0.135%

Together, before fees+0.339%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.193% cheaper against Aster than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster OPENAIUSDT	1,627.5	0.0050	pay 0.0050% / 8h	4h 12m	$212K	$3K	20x
Short	MEXC OPENAI_USDT	1,622.2	0.0050	get 0.0050% / 8h	4h 12m	$13.0M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee MEXCbpOrdersPrice spread, now −0.329%Rate

Funding earned: $0
Price spread: −0.329% → −0.135%: −$19.33
Slippage, 4 orders: −$509.98
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$537.3
Costs to cover: 5.180%
Break-even: never at this rate

Slippage from Aster: live order book, 44 min ago; MEXC: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 44 min ago	46.17 bp	424.3 bp −$424	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.03 bp	2.0 bp −$2	19.1 bp −$191	doesn't fit	doesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit OPENAI_USDC-PERPETUAL	−0.0128%	1h	1,620.9	−0.411%	—	$3	5x	as long as short
Coinbase International OPENAI-PERP-INTX	−0.0024%	1h	1,624.9	−0.160%	$226K	$161K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,621.9	−0.347%	$1.2M	$549K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.7	+2.222%	$755K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652	+1.503%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.1	−0.520%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.7	−0.236%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.7	−0.236%	—	$2.4M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,621.7	−0.362%	$78K	$219K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.7	−0.360%	$1.6M	$546K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPENAI	+0.0008%	1h	1,713.5	+5.280%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,680.5	+3.253%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.4	−0.375%	$141K	$740K	10x	as long as short
Aster OPENAIUSDTlong	+0.0050%	8h	1,627.5	long leg	$212K	$3K	20x
Binance OPENAIUSDT	+0.0050%	8h	1,622.1	−0.337%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,622.2	−0.329%	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,625.3	−0.136%	$375K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.2	−0.330%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623.1	−0.270%	$2K	$150K	10x	as long as short
BloFin OPENAI-USDT	+0.0051%	8h	1,621.6	−0.362%	$474K	$286K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.9	−0.345%	—	—	10x	as long as short
Entropy io:OAI	+0.0240%	1h	1,675.3	+2.935%	$7.7M	$2.3M	6x	as long as short